Manitowoc Company Inc reports results for the quarter ended in March - Earnings Summary
07/05/2024 23:52
* Manitowoc Company Inc MTW.N reported quarterly adjusted
earnings of 14 cents per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 46 cents. The mean expectation of seven analysts for the
quarter was for earnings of 18 cents per share. Wall Street
expected results to range from 5 cents to 31 cents per share.
* Revenue fell 2.6% to $495.10 million from a year ago;
analysts
expected $494.90 million.
* Manitowoc Company Inc's reported EPS for the quarter was
12
cents.
* The company reported quarterly net income of $4.5 million.
* Manitowoc Company Inc shares had fallen by 12.0% this
quarter and lost 25.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 25.3%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell."
* The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "hold"
Wall Street's median 12-month price target for Manitowoc Company
Inc is $16.50
This summary was machine generated from LSEG data May 7 at 10:52
p.m. UTC. All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.18 0.14 Missed
Dec. 31 2023 0.23 0.09 Missed
Sep. 30 2023 0.06 0.22 Beat
Jun. 30 2023 0.31 0.75 Beat